Exact(9)
The union has offered to accept diminished pay raises that would reduce players' share of revenue to about 53 percent.
Bettman had long built the case that the league was losing money and needed to sharply reduce players' wages.
Yet Bettman and the owners, intent on trying to reduce players' wages, opted to delay the start of the next season with a lockout.
Putting paid to the advertising slogan "you are the controller", some sections will reduce players to flaying around in slow motion as if they had been shot by a taser.
The Manchester-based solicitors have written to the league's chief executive, Shaun Harvey, objecting over six pages to the FFP rules, arguing they suffer from not being the same as those of the Premier League, will prevent clubs competing, restrict investment by owners and reduce players' wages – which is in fact one of its principal aims.
Bettman said the league's new proposal would reduce players' share of revenues by 11.5 percent the first year of the deal, 8.5 percent the second year and 5.5 percent the third year, with anticipated increases in the players' share occurring from the fourth year on.
Similar(51)
Clubs will reduce player salaries.
On Thursday, Stern said the league was seeking to reduce player salaries by as much as $800 million annually (38 percent).
He either handles directly, or is involved in, areas like the competition committee, instant replay, youth football, N.F.L. Europe and the league's attempt to reduce player concussions.
For the N.H.L., the present issues are that owners want to reduce player salaries, set a maximum contract term of five years, eliminate signing bonuses, and lock young players into longer deals.
"A lot of effort and hard work has been done to reduce player costs over the last two years, but we have wanted to rebuild and challenge in this division at the same time, and we will continue to do that".
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